Holding VNM for a decade and still flat: the role has shifted
A shareholder's complaint at Vinamilk's AGM on April 22 isn't a personal grievance. It's the consequence of measuring a mature business with the old frame — price appreciation — while the stock has quietly moved onto a dividend-yield frame.
SHB locks in VIFC resolution, MB stays at rhetoric
SHB's 22 April AGM approved the plan to set up a subsidiary inside Vietnam's International Financial Centre, while MB has only gone as far as executive remarks. That legal gap is what will differentiate Vietnamese bank valuations through the 2026-2030 cycle.
Vingroup's VND 35 trillion 2026 target: three mechanisms behind the ~3x jump
On April 22, Vingroup shareholders approved a 2026 plan targeting VND 35 trillion in net profit — roughly three times the 2025 result. The headline number rests on three independent mechanisms, each with an assumption worth testing against quarterly reports.
Sacombank Withdraws Extension: Three Scenarios for STB in 2026
Sacombank's board unexpectedly withdrew its restructuring extension proposal just five weeks after submitting it. The decision opens three scenarios, and the market has already priced in part of one.
STB +5.45%: Bầu Thụy's Fourth Rebrand Playbook
STB closed at 67,700 VND the day before Sacombank's Apr 22 AGM — where Bầu Thụy stands for the board and the bank asks to rebrand as Saigon Treasure. It's the fourth time Vietnam's market has watched this same three-layer playbook unfold.
HPG Q1/2026 VND 9,056 bn profit: +52% steel, +170% headline
Hoa Phat's AGM reports Q1/2026 profit up 170% YoY, but VND 3,800 bn came from a one-off Pho Noi divestment. Unpacking profit quality for 300,000 shareholders.
Tim Cook hands off Apple after 15 years: +1,933%
On April 20, 2026, Apple announced that Tim Cook will hand the CEO role to John Ternus. Under Cook, AAPL rose 1,933%, nearly 4x the S&P 500. The real lesson isn't about entry points.
Vinhomes Targets VND 60tn Profit: Backlog Holds, Cash Unclear
One day before its 21 April AGM, Vinhomes lifted its 2026 net-profit target to VND 60tn — the highest ever set by a Vietnamese listed company. A VND 186.4tn backlog underwrites the number, but real cash flow and handover pace are the variables that will decide whether the accounting profit reaches shareholders.
VIC hits record, VHM ceiling: 3 scenarios for Apr 21-25
Session Apr 20 saw domestic flows push VIC to an all-time high of 191,000 VND and VHM locked at ceiling +6.93%. The week of Apr 21-25 — with Vingroup AGM on Apr 22 — is the real test for domestic liquidity.
HPG: VND 2,600B downstream move ahead of Apr 21 AGM
Three days before its annual shareholders meeting, Hoa Phat inaugurated a VND 2,600 billion steel pipe plant in Tay Ninh — lifting pipe capacity to 1.2 million tons per year and completing its value chain ahead of Dung Quat 2.
MWG VND 9,200B vs FRT VND 1,550B: Two post-phone paths
On April 20-24, MWG and FRT both release Q1/2026 earnings. Two retailers sharing a phone-store origin are now betting on opposite economics: MWG on volume via Bach Hoa Xanh, FRT on high margins via Long Chau.
Credit/GDP at 146%: Vietnamese banks enter the selective phase
FiinRatings lays out a three-layer framework for reading Q1/2026 bank earnings: capital strength, liquidity, and asset quality. The broad-basket bank trade of 2024-2025 is over.
TCBS +VND 1,458bn, EVS −VND 197bn: Model Decides Q1
VN-Index fell 6% in Q1 2026, but Q1 filings from 30+ Vietnamese brokers split into two poles. Revenue structure — not size — determined who booked a trillion-dong profit and who wrote a hundred-billion-dong loss.
Retail +1.27% on 17/4: MWG carries the whole basket alone
HOSE retail sector closed +1.27% on April 17, yet 14 of 22 stocks were flat and only MWG hit the ceiling. Thin breadth tells a story different from the index.
HAG before April 17 AGM: Chairman spends VND 136B, profit target doubles
Right before today's AGM, Chairman Doan Nguyen Duc spent about VND 136 billion to buy 9 million HAG shares. The company targets VND 4,202 billion in profit, double that of 2025, and will pay a cash dividend for the first time in 14 years.